20-06 - 12-01 - Adopting the Housing and Redevelopment Authority Budget and Establishing the Proposed Tax Levy Payable in 2021
RESOLUTION 20-06
ADOPTING THE HOUSING AND REDEVELOPMENT AUTHORITY 2021 BUDGET
AND ESTABLISHING ATAX LEVY PAYABLE IN 2021
WHEREAS, The Golden Valley Housing and Redevelopment Authority (the
“HRA”) has authorities and powers according to MN Statutes, Sections 469.001 to
469.047. MS Statutes, Section 469.033, subd. 6 grants the HRA the power to levy and
collect taxes subject to a resolution of consent from the Golden Valley City Council for a
set periodand,
WHEREAS, The Golden Valley HRA on April 21, 2020 approved Resolution 20-
03 Approving Intent for HRA Levy for a Housing Program and on September 15, 2020
Approved Resolution 20-05 Adopting the Housing and Redevelopment Authority Budget
and Proposed Tax Levy in 2021 and,
WHEREAS, The HRA requested the City of Golden Valley to approve a consent
to an intent to levy for HRA Housing Program that may begin with the year payable
2021. The district would include all city parcels. The resolution of intent was provided to
Hennepin County by July 1.The intent of this levy gives direction to Hennepin County to
set up a special district to allow for such levy in the future and,
WHEREAS, The City of Golden Valley passed Resolution 20-27 Approving Intent
for HRA Levy for a Housing Program, and on September 15, 2020 approved Resolution
20-53 Granting City Council Consent For the Housing and Redevelopment Proposed
Tax Levy Payable in 2021 and,
NOW, THEREFORE BE IT RESOLVED by the Board as follows:
Section I. That there is proposed levy upon all taxable real and personal property
in the City of Golden Valley, a tax rate sufficient to produce the amount as follows:
REVENUE
HRA HOUSING FUND LEVY$ 72,000
FUND BALANCE 90,000
TOTAL$162,000
Section 2. That the proposed budget is as follows
EXPENDITURE
HRA HOUSING FUND $162,000
__________________________
Larry Fonnest, Chair
ATTEST:
__________________________________
Timothy J. Cruikshank, Executive Director